To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionBlackRock markets £1.3b European fund
BlackRock has plans to fundraise £1.25 billion ($1.62 billion) for its fifth Europe property fund, BlackRock Europe Property Fund V, which will be larger than its predecessor.
BlackRock Europe Property Fund IV closed in 2017 with €700 million ($764 million) in commitments from more than 30 institutional investors in North and South America, Europe, Asia, and Australia. The fund has repositioned, rebuilt and recapitalized office, retail and student housing assets across continental Europe, including in Germany, France, the Nordics, the United Kingdom and Ireland.
Recently BlackRock Europe Property Fund IV confirmed the sale of one of the first acquisitions it made three years ago, a 28,000-square-meter (301,000-square-foot) office building, “Lyoner Stern”, located in Niederrad. This is the second disposition of a German asset in the portfolio, following the sale of an asset in Munich last year
